Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) Sees Large Volume Increase – Should You Buy?

Shares of Dimensional National Municipal Bond ETF (NYSEARCA:DFNM) saw unusually-high trading volume on Wednesday . Approximately 89,231 shares were traded during trading, an increase of 3% from the previous session’s volume of 86,350 shares.The stock last traded at $48.11 and had previously closed at $48.04.

Dimensional National Municipal Bond ETF Stock Performance

The firm has a 50 day moving average of $48.26 and a 200-day moving average of $48.06.

Hedge Funds Weigh In On Dimensional National Municipal Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in DFNM. Texas Capital Bank Wealth Management Services Inc increased its stake in Dimensional National Municipal Bond ETF by 127.1% during the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 31,410 shares of the company’s stock valued at $1,511,000 after acquiring an additional 17,579 shares during the period. Safeguard Investment Advisory Group LLC increased its stake in Dimensional National Municipal Bond ETF by 16.8% during the first quarter. Safeguard Investment Advisory Group LLC now owns 22,574 shares of the company’s stock valued at $1,086,000 after acquiring an additional 3,254 shares during the period. Mattern Wealth Management LLC increased its stake in Dimensional National Municipal Bond ETF by 11.5% during the first quarter. Mattern Wealth Management LLC now owns 268,988 shares of the company’s stock valued at $12,936,000 after acquiring an additional 27,679 shares during the period. Sax Wealth Advisors LLC grew its stake in shares of Dimensional National Municipal Bond ETF by 143.0% in the 1st quarter. Sax Wealth Advisors LLC now owns 51,029 shares of the company’s stock valued at $2,454,000 after purchasing an additional 30,030 shares during the period. Finally, Investmark Advisory Group LLC grew its stake in shares of Dimensional National Municipal Bond ETF by 1.8% in the 1st quarter. Investmark Advisory Group LLC now owns 21,519 shares of the company’s stock valued at $1,035,000 after purchasing an additional 375 shares during the period.

About Dimensional National Municipal Bond ETF

The Dimensional National Municipal Bond ETF (DFNM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides exposure to intermediate-term, investment-grade municipal bonds that are exempt from federal income tax. DFNM was launched on Dec 15, 2021 and is managed by Dimensional.